Valmont Appoints Thomas Liguori as Chief Financial Officer
22 Agosto 2024 - 9:16AM
Business Wire
Valmont® Industries, Inc. (NYSE: VMI), a global leader that
provides vital infrastructure and advances agricultural
productivity while driving innovation through technology, today
announced that Thomas Liguori will join the Company as Executive
Vice President and Chief Financial Officer, effective immediately.
Mr. Liguori will lead the global finance and accounting
organization, reporting to Avner M. Applbaum, President and Chief
Executive Officer.
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Tom Liguori (Photo: Business Wire)
Mr. Liguori has more than 30 years of finance experience with a
proven track record of creating value, including significant
experience as the CFO for multiple public companies. Most recently,
he was CFO of Fortna LLC, a private-equity-backed designer and
builder of advanced distribution centers for ecommerce and
omnichannel distribution. Before joining Fortna, Mr. Liguori was
the CFO of Avnet, a Fortune 200 global semiconductor distributor,
where he played a key role in transforming the company to achieve
higher growth and profitability, including initiatives to improve
working capital and enhance operating efficiencies. He has
experience across a diverse range of industries, including
manufacturing, distribution and technology.
“I am excited to have Tom join our executive leadership team and
partner with me as we move our strategy forward,” Mr. Applbaum
commented. “His extensive public-company experience leading global
finance organizations, with demonstrated success creating value for
shareholders and developing talent across the finance function,
will be a great addition to Valmont. Tom has a proven track record
of executing strategy and deploying a sound capital allocation
framework while driving growth and margin expansion. I look forward
to his contribution to our success.”
Mr. Liguori added, “I am thrilled to join Valmont, a company
with a remarkable legacy of serving customers through innovation,
quality and sustainability. The opportunity to work alongside the
executive team to advance our strategy and achieve sustainable,
profitable growth is incredibly exciting. I look forward to working
with the team to help drive operating efficiencies while pursuing
growth. I am grateful to Avner and the rest of the Valmont team for
the opportunity to join them on this journey.”
Mr. Liguori holds a Bachelor of Science in Business from Boston
University, an MBA from Arizona State University, and completed the
Stanford University Strategic CFO Program. With a strong interest
in developing next generation business leaders, he has been an
adjunct professor at Chapman University, teaching graduate and
executive MBA courses. He is a Certified Management Accountant and
an NACD Board Leadership Fellow.
The company also announced that Timothy P. Francis, who has
served as Interim Chief Financial Officer and Acting Chief
Accounting Officer since July 2023 will remain with Valmont as its
CAO, reporting to Mr. Liguori.
“I wish to extend my sincerest appreciation to Tim for embracing
the interim CFO role over the last year,” said Mr. Applbaum. “Since
joining us in 2014 as corporate controller, Tim has proven himself
time and again, earning the respect of his finance and operations
colleagues across the organization. Working together with Tom, I am
confident Tim will continue to bring world-class capability to our
finance leadership.”
About Valmont Industries, Inc.
For over 75 years, Valmont has been a global leader in creating
vital infrastructure and advancing agricultural productivity.
Today, we remain committed to doing more with less by innovating
through technology. Learn more about how we’re Conserving
Resources. Improving Life.® at valmont.com.
Concerning Forward-Looking
Statements
This release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on assumptions that
management has made in light of experience in the industries in
which Valmont operates, as well as management’s perceptions of
historical trends, current conditions, expected future
developments, and other factors believed to be appropriate under
the circumstances. As you read and consider this release, you
should understand that these statements are not guarantees of
performance or results. They involve risks, uncertainties (some of
which are beyond Valmont’s control), and assumptions. Although
management believes that these forward-looking statements are based
on reasonable assumptions, you should be aware that many factors
could affect Valmont’s actual financial results and cause them to
differ materially from those anticipated in the forward-looking
statements. These factors include, among other things, risk factors
described from time to time in Valmont’s reports to the Securities
and Exchange Commission, as well as future economic and market
circumstances, industry conditions, company performance and
financial results, operating efficiencies, availability and price
of raw materials, availability and market acceptance of new
products, product pricing, domestic and international competitive
environments, geopolitical risks, and actions and policy changes of
domestic and foreign governments. The Company cautions that any
forward-looking statement included in this press release is made as
of the date of this press release and the Company does not
undertake to update any forward-looking statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20240822466820/en/
Renee Campbell renee.campbell@valmont.com
Valmont Industries (NYSE:VMI)
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